StockWeb - CEE markets
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- US stock markets at crossroads.
At the end of last week we saw technical triangle for broad US indices. Pattern was crossed down and shares are going down this week. We are approaching stronger technical support line. For S&P 500 level 1300 points was topped on May 06 and tested one month ago. Dow Jones Industrial average has tested level of 12000 points already three times. After Chinese sell-off last year, one month ago and just now. NASDAQ Composite is not as interesting from technical point of view. It gave up all gains and all 2007's resistance against credit meltdown is away. Index is well behind Chinese sell-off bottom and another resistance line could be seen at psychological level 2000 points. This level has been tested 2 times in last 3 years.
Related tickers: (DIA), (SPY), (QQQQ)
Thu, 06 Mar 2008 21:16:00 +0000 - New index certificates.
New index certificates were launched on Prague Stock Exchange today. Issuer is Volksbank AG. All three certificates are underlying Central European stock market indices. Those instruments are not leveraged.
CECE VB-AFT - AT000B054705 - CECE EUR Index
WIG VB-AFT - AT000B054713 - WIG 20 Index
BUX VB-AFT - AT000B054739 - BUX Index
Certificates supplement a group of emerging market indices. On exchange already listed certificates are Croatian CROBEX or SETX, Czech CTX or PX, Hang Seng China Enterprises Index, Russian RDX, Romanian ROTX and Serbian SRX.
Wed, 05 Mar 2008 18:10:00 +0000 - New international stocks listed on off-exchange.
Today it's a first day of trading with new international stocks on Czech off-exchange. Up to now except of Czech companies there was possibility to invest money into two foreign stocks, Deutsche Telekom (DT) and Nokia (NOK). Now number has been increased by Microsoft (MSFT), ExxonMobil (XOM), Intel (INTC), McDonald's (MCD) and Volkswagen (VLKAY). In my view it is right timing for listing. Czech currency Koruna CZK is traded at all time high and there could be some correction ahead. Depreciation of CZK could improve investment as all those international stocks are converted in CZK.
Wed, 05 Mar 2008 12:10:00 +0000 - Business Week. FED testimony.
Monday
Economic Construction Spending (-.8%), ISM Index (49), Fedspeak ala Plosser & Kroszner
Earnings Focus Media (FMCN), Gehl (GEHL), HSBC (HBC), ABM Ind (ABM), Basic Energy (BAS), Home Inns (HMIN), NCI Bldg (NCS), TurboChef (OVEN)
Tuesday
Economic Auto & Truck (5.2M, 6.8M)
Earnings Blount (BLT), Clearwire (CLWR), Perficient (PRFT), Staples (SPLS), Trina (TSL), Tech Data (TECD), Chico’s (CHS), Maidenform (MFB), Semtech (SMTC)
Wednesday
Economic ADP Private Survey, Revised Productivity (1.8), Factory O’s (-1.5%), ISM Services (48.5), Fed’s Beige, Weekly Crude, BernankeSpeak @ community bankers conference
Earnings Big Lots (BIG), BJ’s (BJ), Canadian Solar (CSIQ), Costco (COST), FuelTek (FTEK), ADC Teleco (ADCT), H & R Block (HRB), Longs (LDG), Martek (MATK), MercadoLibre (MELI), Mindray (MR), PETsMART (PETM), TiVo (TIVO)
Thursday
Economic Weekly Claims (360K), Pending Home Sales, Fed’s Rosengren
Earnings Blackstone (BX), Blockbuster (BBI), Joy Global (JOYG), Arena (ARD), Orbitz (OWW), Pacific Ethanol (PEIX), Urban Outfitters (URBN), CVR (RIO), Cooper (COO), Dynamic Matls (BOOM), Marvell (MRVL), Nat Semi (NSM)
Friday
Economic Payrolls (40K), Unemployment (5.0%), Hourly (.3%), Consumer Credit (7.5B), FedSpeak
Earnings Ciena (CIEN), H&E Equipment (HEES), Superior (SUP)
Tue, 04 Mar 2008 07:30:00 +0000 - Tech stocks technically.
I wrote this week that I expect rebound for Divx (DIVX). Today stock were off 10% (25% in last 5 days!!!) but nevertheless price turned over and closed by +0,41%. This rebound has formed technical hammer candlestick. I see this as beginning of short term reverse.Another tech company which I am watching closely is Google (GOOG). Recent selling pressure sent shares to valuation which is very attractive in comparison to growth prospects. Even broad sell 0ff on US markets didn't affect Google too much and stocks closed only with -0,89% change.
OmniVison Technology (OVTI) was leading nice gains this week after company released strong quarter results. Technically OmniVison reached strong support zone at $12 and created already third bottom during last 3 years (attached chart). Better than expected results lifted also some semiconductor producers like Micron Technology (MU). Micron lost around 40% in 2007 but there are already sings of rebound for 2008. Stocks are +3,72% YTD.Related tickers: (QQQQ), (SMH), (XSD), (USD), (IGW), (PSI), (SSG)
Fri, 29 Feb 2008 20:55:00 +0000 - Divx still in down trend.
IPO of 2006 is not in favour of traders at all. 2 months after issue of shares the company is in downtrend up to now.
Divx (DIVX) is shutting down Stage6. This negative news has been dragging shares to new low. Shares were testing the most recent low formed on November 07 and this support has been broken. Recent daily volumes exceed average. Let's see where will be short term low. I expect bounce in near future as shares are traded close to strong support line.
Earnings call is scheduled on 11 March.
Wed, 27 Feb 2008 19:56:00 +0000 - Free offline RSS reader.
I've been searching some good RSS reader for feed which works also offline. Basically majority of aggregators are web-based. But if your are often without net connection it's worth to use some which is downloading feeds update automatically. And then you can enjoy offline reading. I found several discussions and recommendations but generally it is not so easy to find good one. Listed below are the best what I've found.
- Omea Reader
- RSS Bandit
- News Gator - can even integrates your feed into MS Outlook
- Combination of Google Reader and Google Gear
- NewsMonster
- GreatNews
I chose RSS Bandit. It's pretty easy to navigate and also has different timing for automatic update for different feed and other functionality.
Wed, 27 Feb 2008 19:29:00 +0000 - Leaders and laggards among ADR.
Most of world indices are in negative on year to date 2008. Let's have a look at international stocks listed on US markets which are beating performance and also stocks that are below. Statistics show two emerging markets from BRIC. But with opposite performance.
Measured by Bank of New York ADR indices leaders are:
Brazil ADR Index 6.54%
Mexico ADR Index 3.63%
Brazil ADR Index main constituents: COMPANHIA VALE A (RIO), ISHARE MSCI BRAZ (EWZ), PETROLEO BRASILE (PBR), BANCO BRADESCO A (BBD), COMPANHIA SIDER (SID), VIVO PARTICIPACO (VIV)
Mexico ADR Index main constituents: TELVISA SA (TV), CEMEX SAB DE CV (CX), ISHARE MSCI Mexico (EWW),TELEFONOS DE MEX (TMX), FOMENTO ECONOMIC (FMX), DESARROLLADORA H (HMX), MEXICO FUND INC (MXF)
And laggards:
China ADR Index -14.15%
German ADR Index -11.43%
China ADR Index main constituents: BAIDU (BIDU), SUNTECH POWER HL (STP), JA SOLAR HOLDING (JASO),LDK SOLAR CO ADR (LDK), CHINA TECHFAITH (CNTF), ISHARE MSCI Hong Kong (EWH), ISHARES TR FTSE (FXI)
German ADR Index main constituents: QIMONDA AG ADS (QI), ISHARE MSCI Germany (EWG), ALLIANZ SE (AZ), SAP AKTIENGESELL (SAP), DAIMLER AG (DAI), INFINEON TECH AD (IFX), DEUTSCHE TELE AG (DT)
Overall the worst performance since the beginning of the year is for European ADR ($BKEUR) with almost -8%. That's even below S&P 500. Others are above where the best Latin America ADR Index ($BKLA) 6% in positive YTD.
Tue, 26 Feb 2008 19:19:00 +0000 - Technical analysis - triangle pattern.
Broad US indices are shaping neutral technical pattern which should end up this week. Friday's late buying power formed 5 point with higher volume hammer.
This week brings key economic data which in my view reveal direction for shares from mid term perspective. I'll be mainly watching PPI, GDP, home sales statistics and consumer confidence.
Not so many influential earning reports are scheduled. The most interesting could be Home Depot (HD), Blackstone (BX) or AIG (AIG). However this week I
see main power for movement in economic data.
Related tickers: (QQQQ), (SPY), (DIA)
Mon, 25 Feb 2008 19:07:00 +0000 - Business Week. Key economic reports.
Monday
Economic: Existing Home Sales (4.8M)
Earnings: FirstEnergy (FE), Lowe’s (LOW), LDK Solar (LDK), Nordstrom (JWN), Shanda (SNDA), USEC (USU), Wilson Greatbatch (GB)
Tuesday
Economic: PPI & Core (.3%, .2%), Consumer Confidence (82.5), S&P/Case-Shiller (-9.8%)
Earnings: AutoZone (AZO), CBRL (CBRL), Ceradyne (CRDN), Frontier Oil (FTO), Home Depot (HD), KBR (KBR), Macy’s (M), RadioShack (RSH), Target (TGT), Autodesk (ADSK), Covanta (CVA), Stone Energy (SGY), Overseas Ship (OSG), Ormat (ORA)
Wednesday
Economic: Durable Orders (-4.0%), New Home Sales (600K), Weekly Crude
Earnings: Boyd (BYD), LifeCell (LIFC), Lamar (LAMR), SPX (SPW), Toll Bros (TOL), Ctrip (CTRP), General Maritime (GMR), GMarket (GMKT), Limited (LTD), Salesforce (CRM), Public Storage (PSA), Tenaris (TS), Whiting Petrol (WLL)
Thursday
Economic: GDP & Deflator (.8%, 2.6%), Weekly Claims (350K)
Earnings: AmBev (ABV), Blackstone (BX), Cooper (CTB), Fluor (FLR), GrafTech (GTI), Hansen (HANS), Leap Wire (LEAP), Sears (SHLD), Sprint (S), AIG (AIG), Buenaventura (BVN), China Finance (JRJC), China Med (CMED), CVR (RIO), Dell (DELL), FTI (FCN), Scientific Games (SGMS), Ventana (VMSI), World Fuel (INT)
Friday
Economic: Inc & Spend (.2%, .2%), Core PCE (.2%), Chicago (50), Michigan (70)
Earnings: Mine Safety (MSA), Sepracor (SEPR)
Mon, 25 Feb 2008 18:44:00 +0000 - Large Caps Growth stocks.
Below listed stocks are selected based on predefined parameters. Fundamental analysis screen for growth stocks with large capitalization.
Market capitalization at least 5 bln. USD, P/E ration below 20, earnings growth past 5 years at least 30% and future growth again above 30%.Company Market Cap. (in mil of $) Earnings growth past 5 years (%) P/E ratio (trailing 12 months) Projected earn. growth, next year Noble Corp Cayman Islands (NE) $12916 38% 12 75% Pioneer Ntl Res (PXD) $5274 41% 14 41% ENSCO Internat Inc. (ESV) $8163 70% 9 40% Manitowoc Co Inc (MTW) $5114 108% 15 33% National Oilwell Varco Inc. (NOV) $22752 55% 17 33% Newfield Exploratn (NFX) $6537 34% 15 32% Nabors Industries Ltd (NBR) $8651 59% 9 31%
Fri, 22 Feb 2008 18:14:00 +0000 - 4 Ways that Online Terrorists are Impacting Your Portfolio.
The threat of online terrorism has become a reality in the increasingly digitized world of high finance. The US economy has become more and more reliant on computerized functionality, as has the global economy to a certain extent. Moreover, companies that conduct the bulk of their business online have become major players in a variety of financial venues. A physical storefront on Main Street is no longer a prerequisite for starting a new business, but a virtual storefront has become a necessity.
As more people look to the web to purchase goods and procure services, an ever-increasing amount of money is being poured into digital ventures. Real money is put into the creation of these enterprises and real money is being made by them. It is inevitable, then, that terrorism has followed this widening cash trail into the virtual world. Online terrorism has increased exponentially in recent years and has started to have a real affect not only on individual business, but on entire industry sectors and financial markets. It is important to be aware of the impact that cyber-terrorism can have on the economy. Learn about these four effects of online terrorism and maybe you’ll be able to prevent them from terrorizing your wallet.
1. Threats to trade secrets and intellectual property: Online terrorists have already made a number of sophisticated attempts to gain access to trade secrets and intellectual property in a variety of industries. While they have not always been successful, the threat is very real and is only getting worse. Almost every IP - laden industry relies upon the security of its confidential information to gain stronger footholds in the market, and any breach in this defense can result in huge losses. As online terrorists become increasingly adept at accessing privileged data, companies become less willing to risk huge sums of money on research and development that might only end up benefiting the enterprise with the best hackers.
2. The prevalence of pirated software: In 2004 alone, software companies experienced a loss in revenue of over 30 billion dollars due to pirated software. In this day and age, it is far too easy to find cracked versions of software online, often for free or at a severely discounted price. This cuts into the profits of software producers and again reduces the push for innovation. Moreover, the prevalence of software pirating has made this entire sector a questionable investment, hurting publicly traded software companies and those who invest in them.
3. E-commerce sites closing their doors: As huge portions of the economy now operate entirely in the virtual world, the market has become increasingly vulnerable to online terrorism attacks. Sites such as Amazon, Buy.com, and eBay conduct millions of transactions every day and are responsible for massive amounts of money changing hands. Therefore, these sites have become popular targets for cyber terrorists. Coordinated attacks on such sites could cause these industries to shut down and retool, causing inconvenience for consumers and staggering financial losses for the companies involved. Even if just a handful of these websites were shut down for even one day, it could result in billions of dollars in lost revenue. These damages would not only be felt by the businesses directly involved, but would be felt throughout the worldwide economy.
4. Direct cyber attacks on financial markets: In December of 2006, al Qaeda moved into the digital world. In their statement, al Qaeda called for denial of service attacks on a variety of financial web sites, including sites that allow for online stock trading. Fortunately, the threat itself had little immediate effect on the markets. However, if such actions were eventually carried out, it would wreak havoc on the way stocks are traded. Financial organizations and individual investors could be devastated by such a move. Trade brokers and consumer banks would not only experience outages and lose important data, but more importantly, any trust that they had earned from their customers might be lost forever.
Related tickers: (AMZN), (EBAY), (XLF), (IYF), (SPY), (QQQQ), (DIA), (CGI)
By-line:
Heather Johnson is a freelance finance and economics writer, as well as a regular contributor for CurrencyTrading.net, a site for currency trading and forex trading information. Heather welcomes comments and freelancing job inquiries at her email address heatherjohnson2323@gmail.com.
Fri, 22 Feb 2008 16:40:00 +0000 - Free fundamental stock screeners and scans.
I'd like to publish several stock screeners which are free of charge (for all bold marked tools you can find link on the left under Stock screener section).
Let me start with my favourite one which is provided by Finance Yahoo. Basically Yahoo offers two kind of screening based on funadamental analysis. The first one is Basic Yahoo screener (HTML version) allowing to sort shares according to major indicators like P/E, P/B, PEG, Div Yield, estimated EPS etc.
Advanced Yahoo screener is adding more detailed view with RoA, RoE, insiders and institutions held and much more. You can find several preset screens for value or growth for small, mid or large caps. This screener is Java based. And in my view the best one which is for free.
MSN screener has only basic indicators without numeric range. Possible value is either "low" or "high". Except of this you can try also MSN Stock power searches which has preset indicators and is far better.
Another free tools are from Mornigstar like Stock Selector, ETF or Fund screener. Morningstar Stock selector is flavoured with stock grades but it doesn't have so much advanced functionality like one fromYahoo.
Nice tool, NASDAQ Stock screener, can be found on official NASDAQ page allowing to scan major US stock markets.
Mon, 18 Feb 2008 18:53:00 +0000 - Business Week. Retailers earnings.
Tuesday:
Economic: NA
Earnings: Fossil (FOSL), Marvel (MVL), Holly (HOC), Wal-Mart (WMT), OfficeMax (OMX), RTI Metals (RTI), Crocs (CROX), Hewlett (HPQ), Nutrisystem (NTRI), Ultra P (UPL), Whole Foods (WFMI)
Wednesday:
Economic: CPI & Core (.3%, .2%), Housing Starts & Permits (1.0M, 1.03M), Weekly Crude, FOMC Minutes
Earnings: Garmin (GRMN), Jack In Box (JBX), Suntech (STP), Transocean (RIG), Agnico Mines (AEM)
Analog Devices (ADI), Itron (ITRI), Sina (SINA), Ocean’ Intl (OII), Teekay (TK), Verigy (VRGY), Terex (TEX)
Thursday:
Economic: Weekly Claims (355K), Leading Indicators (-.1%), Philly Fed (-10.0)
Earnings: Barrick (ABX), Blue Coat (BCSI), JC Penney (JCP), MGM (MGM), Newmont (NEM), Quest (DGX), Patterson (PDCO), Zale (ZLC), Cbeyond (CBEY), Cleveland Cliffs (CLF), Investools (SWIM), Hecla (HL), VCA Antech (WOOF)
Friday:
Economic: NA
Earnings: LT Fitness (LTM), PG&E (PCG)
Mon, 18 Feb 2008 14:08:00 +0000 - GDP growth in Czech Republic for 2007.
GDP grew by 6,9% in last quarter of 2007. For the whole year 2007 change is 6,6% up. Numbers are above analyst estimations which varied between 6,3 - 6,5 %. Improvement was dragged by higher employment (on year to year basis 1,9 % more employed people). Big impact has public health insurance reform. Extraordinary stimulus came from health insurance groups due to higher expenses. This contributed for GDP increase by 0,5%.
Leading industries were energy, manufacturing industry.
Sun, 17 Feb 2008 20:57:00 +0000
